Target Reports Higher Profits in Q3; Beats Estimates (TGT)

Target Reports Higher Profits in Q3; Beats Estimates (TGT)


Discount retailer, Target Corporation(TGT) reported increased profits, beating analysts estimates Thursday.

The Minneapolis, MN based company reported third quarter earnings of $637 million, or 96 cents per share, up 12.8% from last years earnings of $555 million, or 82 cents per share. Excluding special items, earnings for the quarter were 81 cents per share, beating analysts estimates of 77 cents.

Revenue increased to $16.93 billion, from $16.40 billion last year. Analysts expected revenue of $16.93 billion.

Looking ahead, the company expects to see forth quarter earnings in the range of $1.45 to $1.55 per share. Analysts are expecting EPS of $1.51 with $22.66 billion in revenue.

Target shares were up 82 cents, or 1.34% during premarket trading Thursday. The stock is down -1.03% YTD.

The Bottom Line
Shares of Target (TGT) have a 2.35% dividend yield, based on last night’s closing stock price of $61.38. The stock has technical support in the $57-$58 price area. The stock is trading near the all-time high range of $64-$66 a share.

Target Corporation(TGT) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Free Updates

Join over 100,000 investors who get the latest news from

Best Dividend Stocks

Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the:

Best Dividend Stocks

Partner Center

Best CD Rates

Sitting on some extra cash and looking for the most current and profitable CD Rates?

Get The Best CD Rates

14 Day Free Trial

Earn more from your dividend portfolio within the next 14 days.

Sign Up Today